Workday (WDAY)

Re: Workday (WDAY)

Postby winston » Tue Dec 04, 2018 9:30 pm

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THE TECH THAT'S CHANGING HOW WE USE DATA

Today, we're checking in on a fast-growing technology trend...

Regular DailyWealth readers know we're always on the lookout for big, secular trends to invest in. One of the biggest right now is "cloud" technology – a way of storing and sending data over the Internet. It's secure, easy, and cost-effective. And today's company is part of this growing industry...

Workday (WDAY) is a $35 billion cloud-technology giant. It specializes in cloud apps for financial management, payroll services, and analytics. These apps make it easier for businesses to manage important, everyday functions.

And when businesses rely on you to help them be their best, it's a powerful draw... In the most recent quarter, Workday reported sales of more than $743 million, blowing away analyst estimates.

As you can see in today's chart, WDAY shares have ridden the cloud-technology wave to big gains. The stock has more than doubled over the past two years, and it just hit a new all-time high. This tech shift continues to transform our daily lives – and Workday is reaping the benefits...

Source: Investor Place
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Re: Workday (WDAY)

Postby winston » Thu Oct 17, 2019 7:52 am

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Why Workday Stock Plunged Today

Wall Street wasn't particularly impressed with analysts' updates on the human capital

by Steve Symington

RBC Capital's Alex Zukin kept his outperform rating but lowered his per-share price target by $13 to $212. Zukin argued that Workday continues to enjoy steady growth, but is also seeing slowing penetration with large clients and lengthening sales cycles.

Stifel analyst Brad Reback reaffirmed his hold rating on the stock, but reduced his price target by $30 to $180. To justify his relative bearishness, Reback similarly expressed worries in part that HCM segment sales growth is slowing as Workday grows from a larger base.

Deutsche Bank's Karl Keirstead echoed the sentiment for slowing HCM growth, adding that some new deals could be delayed given today's uncertain macroeconomic environment. Keirstead also took issue with Workday management's "noncommittal" approach to achieving improved margins next fiscal year.

It should come as little surprise that Workday's growth might slow with larger clients, considering it already counted more than 40% of the Fortune 500 as customers as of last quarter.


Source: Motley Fool

https://www.fool.com/investing/2019/10/ ... Cid=BKcIb4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Workday (WDAY)

Postby winston » Thu Oct 17, 2019 7:52 am

not vested

Why Workday Stock Plunged Today

Wall Street wasn't particularly impressed with analysts' updates on the human capital

by Steve Symington

RBC Capital's Alex Zukin kept his outperform rating but lowered his per-share price target by $13 to $212. Zukin argued that Workday continues to enjoy steady growth, but is also seeing slowing penetration with large clients and lengthening sales cycles.

Stifel analyst Brad Reback reaffirmed his hold rating on the stock, but reduced his price target by $30 to $180. To justify his relative bearishness, Reback similarly expressed worries in part that HCM segment sales growth is slowing as Workday grows from a larger base.

Deutsche Bank's Karl Keirstead echoed the sentiment for slowing HCM growth, adding that some new deals could be delayed given today's uncertain macroeconomic environment. Keirstead also took issue with Workday management's "noncommittal" approach to achieving improved margins next fiscal year.

It should come as little surprise that Workday's growth might slow with larger clients, considering it already counted more than 40% of the Fortune 500 as customers as of last quarter.


Source: Motley Fool

https://www.fool.com/investing/2019/10/ ... Cid=BKcIb4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Workday (WDAY)

Postby winston » Sat May 30, 2020 6:03 pm

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Workday (WDAY) earnings and sales for the first quarter topped lowered expectations amid the coronavirus lockdown.

In the April quarter, Workday paid a one-time cash bonus to employees, lowering profit.

Workday announced new partnerships with Salesforce.com (CRM) and Microsoft (MSFT).

Workday reduced fiscal 2021 subscription revenue growth guidance but raised operating margin guidance.

Source: IBD
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Re: Workday (WDAY)

Postby winston » Mon Nov 23, 2020 10:51 pm

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Barclays Stick to Their Hold Rating for Workday

Barclays (LON:BARC) analyst Raimo Lenschow maintained a Hold rating on Workday (NASDAQ:WDAY) on Friday, setting a price target of $234, which is approximately 11.75% above the present share price of $209.4.

Lenschow expects Workday to post earnings per share (EPS) of -$0.12 for the fourth quarter of 2020.

The current consensus among 25 TipRanks analysts is for a Moderate Buy rating of shares in Workday, with an average price target of $255.32.

The analysts price targets range from a high of $296 to a low of $180.

In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $1.06 billion and a net profit of -$16.75 million. The company's market cap is $49.63 billion.

Source: investing.com

https://www.investing.com/news/barclays ... ay-2353735
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Re: Workday (WDAY)

Postby winston » Mon Nov 23, 2020 10:56 pm

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Profit-Taking, Valuations and Few Catalysts Hang Over Workday's Strong Growth

by Jon C. Ogg

When Workday reported its results, third-quarter revenues were up almost 18% from a year ago at $1.11 billion.

Its subscription revenue of $968.5 million was up 21.3% from a year ago, and the subscription revenue backlog of $8.87 billion was up 23.4% from a year ago.

The company’s growth is tied to its enterprise cloud applications for finance and human resources.

While the net loss per share was $0.10, Workday’s adjusted (non-GAAP) earnings came in at $0.86 per share. The company’s operating cash flow was $293.8 million, and its cash and cash equivalents hit $2.95 billion.

Workday also raised its fiscal 2021 subscription revenue guidance up to a new range of $3.773 billion to $3.775 billion. That said, the company also noted that it is increasing its pace of investments to capitalize on the long-term opportunity.

With a $50 billion market cap, even after the 7% drop, the current valuation is about 85 times expected 2021 earnings per share and about 11.6 times expected 2021 revenues.

Even with double-digit sales growth, it is a steep valuation, considering Workday came public back in 2012.

Source: investing.com

https://247wallst.com/apps-software/202 ... all+St.%29
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Re: Workday (WDAY)

Postby winston » Fri Feb 05, 2021 9:00 pm

FOLKS ARE TURNING TO THIS 'BETTER' SOFTWARE MODEL TODAY

Today, we're highlighting a software company that's benefiting as people work from home...

Regular readers know Software as a Service ("SaaS") is a great business model.

Businesses "rent" software from the provider, usually paying a monthly or annual fee. Then, they can access the software from anywhere with an Internet connection...

And since SaaS revenues are recurring, the software provider enjoys steadily rising sales.

Workday (WDAY) is a great example of this business model in action. The company offers software services to keep track of things like finances, employees, accounting, and more.

These services are in especially high demand in today's work-from-home environment. And that's clear in the company's results...

In Workday's third quarter, total revenue grew 18% year over year. And subscription revenue jumped more than 21%.

As you can see in today's chart, WDAY shares are in a strong uptrend. The stock is up more than 130% from its March lows, and it just hit a fresh all-time high. This is more evidence of the gains that are possible in SaaS companies...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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